Which of the following is a similarity between the Uniform Commercial Code (UCC) and Convention on the International Sale of Goods (CISG)? a. Both recognize express warranties and implied warranties of merchantability. b. Both require that all the parties to a sales transaction be residents of the United States. c. Both ask for notice of nonconforming goods. d. Both require that contracts for the sale of goods in excess of $500 be in writing.
Which of the following is a similarity between the Uniform Commercial Code (UCC) and Convention on the International Sale of Goods (CISG)? a. Both recognize express warranties and implied warranties of merchantability. b. Both require that all the parties to a sales transaction be residents of the United States. c. Both ask for notice of nonconforming goods. d. Both require that contracts for the sale of goods in excess of $500 be in writing.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following is a similarity between the Uniform Commercial Code (UCC) and Convention on the International Sale of Goods (CISG)?
a. Both recognize express warranties and implied warranties of merchantability.
b. Both require that all the parties to a sales transaction be residents of the United States.
c. Both ask for notice of nonconforming goods.
d. Both require that contracts for the sale of goods in excess of $500 be in writing.
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